Ias And IFRS

27 Questions | Total Attempts: 204

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Ias Exam Quizzes & Trivia

Match the correct IAS and IFRS.


Questions and Answers
  • 1. 
    What is IAS 1?
    • A. 

      Events After the Balance Sheet Date

    • B. 

      Financial Instrument: Recognition and Measurement

    • C. 

      Preparation of Financial Statements

    • D. 

      Non – Current Assets Held for Sale and Discontinued Operations

  • 2. 
    What is IAS 2?
    • A. 

      Inventory Valuation

    • B. 

      Preparation of Financial Statements

    • C. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • D. 

      Leases

  • 3. 
    What is IAS 4?
    • A. 

      Income Taxes

    • B. 

      Property Plant and Equipment

    • C. 

      Depreciation Accountings

    • D. 

      Events After the Balance Sheet Date

  • 4. 
    What is IAS 7?
    • A. 

      Consolidated and Separate Financial Statements

    • B. 

      Construction Contracts

    • C. 

      Depreciation Accountings

    • D. 

      Cashflow Statements

  • 5. 
    What is IAS 8?
    • A. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • B. 

      Accounting for Investments

    • C. 

      Related Party Disclosure

    • D. 

      Financial Instruments: Presentation and Disclosure

  • 6. 
    What is IAS 10?
    • A. 

      Events After the Balance Sheet Date

    • B. 

      Preparation of Financial Statements

    • C. 

      Depreciation Accountings

    • D. 

      Accounting Policies, Changes in Accounting Estimates and Errors

  • 7. 
    What is IAS 11?
    • A. 

      Construction Contracts

    • B. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • C. 

      Government Grants

    • D. 

      Revenue

  • 8. 
    What is IAS 12?
    • A. 

      Income Taxes

    • B. 

      Preparation of Financial Statements

    • C. 

      Cashflow Statements

    • D. 

      Depreciation Accountings

  • 9. 
    What is IAS 16?
    • A. 

      Impairment of Assets

    • B. 

      Investment in Associates

    • C. 

      Revenue

    • D. 

      Property Plant and Equipment

  • 10. 
    What is IAS 17?
    • A. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • B. 

      Non – Current Assets Held for Sale and Discontinued Operations

    • C. 

      Construction Contracts

    • D. 

      Leases

  • 11. 
    What is IAS18?
    • A. 

      Depreciation Accountings

    • B. 

      Events After the Balance Sheet Date

    • C. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • D. 

      Revenue

  • 12. 
    What is IAS 20?
    • A. 

      Preparation of Financial Statements

    • B. 

      Depreciation Accountings

    • C. 

      Accounting Policies, Changes in Accounting Estimates and Errors

    • D. 

      Government Grants

  • 13. 
    What is IAS 23?
    • A. 

      Borrowing Costs

    • B. 

      First Time Adoption of IFRS

    • C. 

      Provision, Contingent Liabilities and Contingent Assets

    • D. 

      Consolidated and Separate Financial Statements

  • 14. 
    What is IAS 24?
    • A. 

      Related Party Disclosure

    • B. 

      Accounting for Investments

    • C. 

      Consolidated and Separate Financial Statements

    • D. 

      Financial Instruments: Presentation and Disclosure

  • 15. 
    What is IAS 25?
    • A. 

      Inventory Valuation

    • B. 

      Accounting for Investments

    • C. 

      Cashflow Statements

    • D. 

      Depreciation Accountings

  • 16. 
    What is IAS 27?
    • A. 

      Consolidated and Separate Financial Statements

    • B. 

      Financial Instruments: Presentation and Disclosure

    • C. 

      Provision, Contingent Liabilities and Contingent Assets

    • D. 

      EPS

  • 17. 
    What is IAS 28?
    • A. 

      Investment in Associates

    • B. 

      Financial Instruments: Presentation and Disclosure

    • C. 

      Financial Instrument: Recognition and Measurement

    • D. 

      First Time Adoption of IFRS

  • 18. 
    What is IAS 32?
    • A. 

      Financial Instruments: Presentation and Disclosure

    • B. 

      EPS

    • C. 

      Impairment of Assets

    • D. 

      Provision, Contingent Liabilities and Contingent Assets

  • 19. 
    What is IAS 33?
    • A. 

      EPS

    • B. 

      Business Combinations

    • C. 

      Non – Current Assets Held for Sale and Discontinued Operations

    • D. 

      Intangible Assets

  • 20. 
    What is IAS 36?
    • A. 

      Investment in Associates

    • B. 

      Financial Instrument: Recognition and Measurement

    • C. 

      Financial Instruments: Presentation and Disclosure

    • D. 

      Impairment of Assets

  • 21. 
    What is IAS 37?
    • A. 

      Financial Instruments: Presentation and Disclosure

    • B. 

      Consolidated and Separate Financial Statements

    • C. 

      Provision, Contingent Liabilities and Contingent Assets

    • D. 

      Investment Properties

  • 22. 
    What is IAS 38?
    • A. 

      Intangible Assets

    • B. 

      Non – Current Assets Held for Sale and Discontinued Operations

    • C. 

      Business Combinations

    • D. 

      Provision, Contingent Liabilities and Contingent Assets

  • 23. 
    What is IAS 39?
    • A. 

      Financial Instrument: Recognition and Measurement

    • B. 

      Preparation of Financial Statements

    • C. 

      Depreciation Accountings

    • D. 

      Cashflow Statements

  • 24. 
    What is IAS 40?
    • A. 

      Investment Properties

    • B. 

      Impairment of Assets

    • C. 

      Intangible Assets

    • D. 

      Related Party Disclosure

  • 25. 
    What is IFRS 1?
    • A. 

      First Time Adoption of IFRS

    • B. 

      Business Combinations

    • C. 

      Non – Current Assets Held for Sale and Discontinued Operations

    • D. 

      Preparation of Financial Statements